Fintech News Today: Top 10 Fintech News Stories due to the Week Ending February. Read more
The 3 hot themes in fintech information this past week ended up being crypto, SPACs and acquire then pay later, comparable to lots of weeks so even this year. Here are what I consider to be the top 10 most important fintech news accounts of the previous week.
Tesla purchases $1.5 billion in bitcoin, plans to recognize it as fee from CNBC? We kicked the week from which has the massive news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network coming from The Wall Street Journal? A lot more good news for crypto investors as Mastercard indicated it will support some cryptocurrencies directly on its network as more people use cards to buy crypto in addition to utilizing cards to spend the crypto of theirs.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon from The Wall Street Journal? The nation’s oldest savings account allows us a trifecta of large crypto news since it announces that it is going to hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Mobile bank MoneyLion to travel public through blank-check merger in $2.9 billion deal offered by Reuters? MoneyLion becomes the newest fintech to go on the SPAC train because they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is actually the newest fintech to travel public through SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will also go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I am going to have much more on this and the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank Check Company to Raise $250 Million from Bloomberg? Mike Cagney has made a decision to sign up for the SPAC party as he files paperwork while using the SEC for Figure Acquisition Corp. I and intends to raise $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to raise $500 zillion at a $25b? $30b valuation. Additionally, they announced the launch of bank account accounts within Germany.
Inside The Billion-Dollar Plan In order to Kill Credit Cards from Forbes? Great profile on Max Levchin, co founder and CEO of Affirm, as well as the first days of Affirm along with how it grew to become a BNPL juggernaut.
Survey Reveals a secret Customer Exodus in Banking as a result of The Financial Brand? An intriguing global survey of 56,000 customers by Company and Bain shows that banks are actually losing company to their fintech rivals while as they keep their customers’ primary checking account.
LoanDepot raises simply $54M wearing downsized IPO from HousingWire? Mortgage lender loanDepot went public this particular week inside a downsized IPO which raised just fifty four dolars million after indicating at first they will increase more than $360 million.
Fintech News Today: Top ten Fintech News Stories because of the Week Ending February